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Alps, Daito, Inpex, Jafco, KDDI, Kumagai Gumi, Tokyo Steel: Equity Preview

The following companies may have unusual price changes in Japanese trading on April 26. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut, unless stated otherwise.

Alps Electric Co. (6770 JT): The maker of auto electronics unexpectedly had full-year net income of 100 million yen ($1.1 million) on higher-than-expected demand, according to a preliminary earnings statement. The company had forecast a net loss of 7.5 billion yen. The stock rose 0.9 percent to 678 yen.

Daito Trust Construction Co. (1878 JT): The builder’s full- year net income on a parent basis rose to 49 billion yen, beating its forecast by 32 percent, according to a preliminary earnings statement. Lower taxes contributed to the results, the release said. The stock gained 2 percent to 4,780 yen.

Goldcrest Co. (8871 JT): The condominium developer’s full- year net income fell more than expected to 900 million yen due to inventory asset devaluations, according to a preliminary earnings statement. The company had forecast 4 billion yen profit. The stock slumped 0.7 percent to 2,677 yen.

Hachijuni Bank Ltd. (8359 JT): The regional lender said in a preliminary earnings statement full-year net income totaled 16.9 billion yen, 28 percent more than its forecast, citing less-than-expected credit costs. The bank raised its planned year-end dividend to 3.5 yen a share from 2.5 yen. The stock rose 0.6 percent to 525 yen.

Inpex Corp. (1605 JT): Japan’s largest oil explorer said it won approval to develop Kitan oil field. Inpex rose 0.3 percent to 693,000 yen.

Jafco Co. (8595 JT): The venture-capital company said its full-year net loss narrowed to 2.18 billion yen from 17 billion yen a year earlier, as sales dropped. The stock jumped 6 percent to 2,745 yen.

KDDI Corp. (9433 JT): Japan’s second-largest mobile-phone operator, forecast net income will increase 13 percent to 240 billion yen in the year started April 1, helped by a return to profit at its fixed-line business. The stock fell 0.1 percent to 459,500 yen.

Kumagai Gumi Co. (1861 JT): The general contractor said in a preliminary earnings statement full-year net income amounted to 2.5 billion yen, beating its outlook by 67 percent. The stock was unchanged at 76 yen.

Melco Holdings Inc. (6676 JT): The maker of computer peripheral equipment said full-year net income jumped to 4.99 billion yen from 707 million yen a year earlier, buoyed by overseas subsidiaries. The company expects a 1.8 percent drop in profit this fiscal year. The stock gained 4.3 percent to 2,365 yen.

Nissan Chemical Industries Ltd. (4021 JT): The maker of chemicals reported full-year net income of 12.7 billion yen, 18 percent more than its forecast, according to a preliminary earnings statement. The stock slid 0.6 percent to 1,261 yen.

Nomura Real Estate Holdings Inc. (3231 JT): The property developer said in a preliminary earnings statement that full- year net income was 4.6 billion yen, short of its projection by 54 percent, on equity investment costs. The company slashed its planned year-end dividend to 5 yen a share from 20 yen. The stock gained 2.2 percent to 1,630 yen.

Press Kogyo Co. (7246 JT): The auto-parts maker said in a preliminary earnings statement that its full-year net loss was 3 billion yen, narrower than its forecast deficit of 3.95 billion yen, helped by cost cuts. The stock rose 0.8 percent to 267 yen.

Toho Holdings Co. (8129 JT): The wholesaler of medicine and medical tools said in a preliminary earnings statement full-year net income amounted to 8 billion yen, 46 percent more than its forecast, with rising sales. The stock climbed 0.5 percent to 1,420 yen.

Tokyo Steel Manufacturing Co. (5423 JT): Japan’s largest electric furnace mill expects to return to profit with 5 billion yen this fiscal year as it boosts prices to counter rising costs. The stock rose 0.6 percent to 1,269 yen.

United Arrows Ltd. (7606 JT): The apparel chain said in a preliminary earnings statement that full-year net income totaled 1.35 billion yen, short of its forecast by 31 percent, citing writedowns and store closures. The stock gained 2.7 percent to 1,143 yen.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.

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